• Proparco invests in Venture Capital funds supporting the emerging startup scene of the African continent. Our commitment sizes for VC funds range from approximately $3M to $7M. Proparco backs funds investing at all stages, from seed/pre-seed rounds to larger Series C rounds, and seeks to support the funds investing in startup providing innovative solution to enable access to essential goods and services. We prioritize teams with a proven track record of investing in startups, and which demonstrate their ability to provide support and expertize to their portfolio companies.
• The VC funds in which Proparco typically invests deploy initial ticket sizes of $0.5 – 5M. Proparco also has direct equity investing capabilities and is keen to consider coinvestment opportunities with its VC partners.

• Proparco is an investor in SME-focused private equity investment funds across the African continent. Our commitment sizes for funds in the SME-investing space range from approximately $5m to $20m.
• Proparco backs funds transacting in a broad range of economic segments including the manufacturing and services industries and takes a particular interest in supporting funds targeting exposure to high social impact sectors (e.g. agriculture, healthcare and education) and businesses with the potential for significant local job creation. We prioritize investment strategies that seek to deploy a large portion of growth capital (via both equity and quasi-equity instruments) and have a strong focus on operational value creation. The funds in which Proparco typically invests target portfolio company ticket sizes of $1 – 20m. For larger transactions Proparco also has direct equity investing capabilities and is keen to consider coinvestment opportunities with its fund management partners.

• AFD offers an ARIZ guarantee to investment funds that finance Social Businesses. It covers up to 50% of their equity or quasi-equity investments in these companies.

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